WHAT COULD IT MEAN THAT $UNFI CLOSED ABOVE THE MONTHLY LOW?
Due to UNFI's recent sharp decrease, many people are predicting that the token will crash right below its present significant support.
This is our main conclusion.
UNFI has a propensity to completely collapse, but these requirements must be fulfilled before it can be verified; otherwise, it may maintain this crucial level. First, the crucial thresholds of 3.5, 4.1, and 4.5 must be strongly rejected by UNFI. The imbalances above these crucial levels, just below 9.3, must then be resolved, and declining peaks will form, assuming these prices are not the UNFI rejection zones.
DECEMBER 2024 UPDATE (UNFI)
The neckline is waiting for UNFI's next move, and it hasn't broken any of its monthly lows. Gathering demands from traders who will observe the current situation unfolding with UNFI's strong grasp would be the next feasible step for UNFI. Thinking creatively, it is still possible for a long wick to trigger shakeouts of early longs near 0.816–1.460 before the UNFI total accumulation occurs, which would increase buyer pressure to initiate a significant rally.
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